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billion to $2.2 billion. UnitedHealth’s trading at around 40 percent of the valud it was at the end of coupled with its low annualized dividend putthe company’s return to shareholderes 75th for 2008. The company took a hit when announcinggan $895 million settlement of a shareholder lawsuit related to a stock-options scandal involving former CEO William McGuire. Legal settlements and rising medical costs cutinto second-quarter earnings for UnitedHealth, which reported earnings of $337 millionb for the period, down from $1.23 billion the previous year largely due to the settlement of two class-actiobn lawsuits that resulted in a totakl pretax charge of $922 million.
The news hasn’t all been bad. UnitedHealtgh did see gains in its Health Care Services and OptumHealty companies during thethird quarter. Like many other however, UnitedHealth has been hit by the It has seen membership decreases due to layoffzand “that puts pressure on revenues and profitability,” said David a research analyst with The Minnetonka-based health insurer in early Decembetr slightly raised the bottom rang of its guidance for 2009 to $85 billiomn from $84 billion, while keeping its profi t outlook the same at $2.90 to $3.1r5 per share.
Thursday, April 12, 2012
Tuesday, April 10, 2012
Medium Companies - Phoenix Business Journal:
kittredgeihuhyla1951.blogspot.com
Extra perks and benefits: On-site fitness center or commuter/parking discounts or reimbursements. What employees say: “TRS has been the best placed that I have worked in the past10 years. I highly recommend the companyg to anyone whois self-motivated and wants to become part of a companhy that is highly trusted and respected in the technology industry.” “TRa is a great companh to work for. Management goes out of theitr way to make the employees feel welcome and almos t as if they are part ofthe family. No.
2 The Financial services company specializing in insurance and investment Extra perksand benefits: Wellness/stresd management program, discount or reimbursement for off-sitew fitness, commuter/parking discounts or reimbursements, outsidr vendor discounts. What employees say: “Ww are offered a trip everg year, and the company provides lunch for the entir staffon Fridays. We have the opportunitgy to participate incharitable endeavors, whichy makes it easy to give back to the “I worked on three continents, and The Meltzer Group tops every company in Europe or Asia and in the U.S. I have been employer at.” No. 3 Location: D.C.
Description: Commercial real estat brokerage companyrepresenting office, industrial and retaik tenants. Extra perks and On-site fitness center or instruction, wellness/stress management commuter/parking discounts or reimbursements, outside vendor discounta and/or company products or service discounts. What employeesd say: “As a 28-year Studle y veteran, I’ve been able to reinvent myself thred times here in significantlydifferent roles. I feel I’m makiny a valuable contribution and that my work helpds keepus profitable.” “I appreciate the flexibilitg to do whatever it takes to make my clientz successful, which in turn translates into success for Studley.
” No. 4 Provides analytical solutions tocomplex problems. Extra perks and Wellness/stress management program, discount or reimbursement for off-site fitness, commuter/parking discountz or reimbursements, outside vendor What employees say: “Decisive Analytics is a terrificv placeto work. Despite the rapid growthu and sophistication ofour company, this employee-ownerd company maintains a small company atmosphere.” “This company time and time again displays its commitmenft to its employee owners through generous profit-sharing flexible work schedules and company-sponsored No.
5
Extra perks and benefits: On-site fitness center or commuter/parking discounts or reimbursements. What employees say: “TRS has been the best placed that I have worked in the past10 years. I highly recommend the companyg to anyone whois self-motivated and wants to become part of a companhy that is highly trusted and respected in the technology industry.” “TRa is a great companh to work for. Management goes out of theitr way to make the employees feel welcome and almos t as if they are part ofthe family. No.
2 The Financial services company specializing in insurance and investment Extra perksand benefits: Wellness/stresd management program, discount or reimbursement for off-sitew fitness, commuter/parking discounts or reimbursements, outsidr vendor discounts. What employees say: “Ww are offered a trip everg year, and the company provides lunch for the entir staffon Fridays. We have the opportunitgy to participate incharitable endeavors, whichy makes it easy to give back to the “I worked on three continents, and The Meltzer Group tops every company in Europe or Asia and in the U.S. I have been employer at.” No. 3 Location: D.C.
Description: Commercial real estat brokerage companyrepresenting office, industrial and retaik tenants. Extra perks and On-site fitness center or instruction, wellness/stress management commuter/parking discounts or reimbursements, outside vendor discounta and/or company products or service discounts. What employeesd say: “As a 28-year Studle y veteran, I’ve been able to reinvent myself thred times here in significantlydifferent roles. I feel I’m makiny a valuable contribution and that my work helpds keepus profitable.” “I appreciate the flexibilitg to do whatever it takes to make my clientz successful, which in turn translates into success for Studley.
” No. 4 Provides analytical solutions tocomplex problems. Extra perks and Wellness/stress management program, discount or reimbursement for off-site fitness, commuter/parking discountz or reimbursements, outside vendor What employees say: “Decisive Analytics is a terrificv placeto work. Despite the rapid growthu and sophistication ofour company, this employee-ownerd company maintains a small company atmosphere.” “This company time and time again displays its commitmenft to its employee owners through generous profit-sharing flexible work schedules and company-sponsored No.
5
Sunday, April 8, 2012
GR public libary plans $500k in cuts - WOOD-TV
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GR public libary plans $500k in cuts WOOD-TV By Dani Carlson GRAND RAPIDS, Mich. (WOOD) - The Grand Rapids Public Library unanimously voted to eliminate 14 jobs by June 30. The cuts come from a need to eliminate nearly $500000 out of the library budget for fiscal year 2013. |
Friday, April 6, 2012
Recession creates openings for Kansas City-area law firms with bigger clients - Kansas City Business Journal:
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The name partner of Kansasw Cityboutique records-management firm says the firm may well beat its financiak projections in a year when many prominentt firms would be pleased to simplyu stay flat. The recession, Daley has helped in some degree to puthis 15-lawyefr firm at the feet of largs corporations such as Dallas-based in recent as big clients slowly have started seeking out more affordabld rates. The company also has done work forand . “We’ve got lowere overhead in terms ofbeing Midwest-based and lower overhead in not havinb the multimillion-dollar art collection on the Daley said.
The Kansas City legal market has taken its lumps inthis recession, with firmsd large and small letting go of lawyers and stafd and trimming expenses. Yet the headlines of substantialrevenue declines, mass attorne y layoffs and in some case dissolution of firms has been the province of coastal law firmsz during this recession. Nationaol legal industry watchers said the currentf economy has become an opportunity for Midwest law firms to get a seat at the tablew with bigbut cost-weary clients looking for bargains that coastal firms are reluctanf or unable to provide.
“They’re getting a serious look because of theirr inherent advantage because of their rate and cost saidPreston McKenzie, a legal business expert with . “Sp far, they’ve taken advantagee of those opportunities.” More requests for proposals have hit the streetsz from big clients in the past Daley said, and the firm has been responding to more of “We’re finding the RFPs are more detailed and reflect more preparation and knowledge on the part of the consumers,” Dalegy said. “The buyers are much more educatedxthese days. They’re not looking for but they’re looking for expertise and value.
” The general counsek for recently said the company woulrd trim its legal costs and look at smaller firmss throughout the country as a means tothat end. “Agt a time when general counsel are lookinv for alternativebilling arrangements, the playing fiele has been leveled, so smaller firms can make pitchez to big clients that would have falle n on deaf ears before,” Thomas DuPont general counsel, said in a recenf interview with . Although Kansasz City lawyers long have insisted that the locakl bar offers comparable expertise to that founf out eastor west, national observers report that perceptioh finally has begun catching on outside of the City of Fountains.
“oI think that clients are more willintg to look atregional firms, particularly if they have a very high-qualitg reputation,” said Brad Hildebrandt, a consultanrt with professional services consultingt company . “I think that’s particularly true with the banks becausr large banks who took over investotbanking don’t necessarily have as much affinityy to big East Coast firms that they once had.
” Bob an employee stock-ownership plan lawyer at , said severalk clients outside the firm’s markert have landed at its doorstep in the past Grossman, based in Kansas finds himself doing work for clientsx in crowded and often high-pricecd legal markets, such as Seattle, Detroit and ESOP practices generally function in tandem with transactionao work, which has waned by anyone’ss measure. Grossman said his practice remains as busy as despite the slowtransactional world.
Grossman disputed the notiob that clients will gravitate towarxd lower rates while overlookingattorney quality, but he acknowledged that Lathrop’as generally lower cost structure has helped his practics in recent times. “I do think that clients are discoverinb that we can handle transactions and ESOP mattefr at a prettyhigh value,” Grossman said.
The name partner of Kansasw Cityboutique records-management firm says the firm may well beat its financiak projections in a year when many prominentt firms would be pleased to simplyu stay flat. The recession, Daley has helped in some degree to puthis 15-lawyefr firm at the feet of largs corporations such as Dallas-based in recent as big clients slowly have started seeking out more affordabld rates. The company also has done work forand . “We’ve got lowere overhead in terms ofbeing Midwest-based and lower overhead in not havinb the multimillion-dollar art collection on the Daley said.
The Kansas City legal market has taken its lumps inthis recession, with firmsd large and small letting go of lawyers and stafd and trimming expenses. Yet the headlines of substantialrevenue declines, mass attorne y layoffs and in some case dissolution of firms has been the province of coastal law firmsz during this recession. Nationaol legal industry watchers said the currentf economy has become an opportunity for Midwest law firms to get a seat at the tablew with bigbut cost-weary clients looking for bargains that coastal firms are reluctanf or unable to provide.
“They’re getting a serious look because of theirr inherent advantage because of their rate and cost saidPreston McKenzie, a legal business expert with . “Sp far, they’ve taken advantagee of those opportunities.” More requests for proposals have hit the streetsz from big clients in the past Daley said, and the firm has been responding to more of “We’re finding the RFPs are more detailed and reflect more preparation and knowledge on the part of the consumers,” Dalegy said. “The buyers are much more educatedxthese days. They’re not looking for but they’re looking for expertise and value.
” The general counsek for recently said the company woulrd trim its legal costs and look at smaller firmss throughout the country as a means tothat end. “Agt a time when general counsel are lookinv for alternativebilling arrangements, the playing fiele has been leveled, so smaller firms can make pitchez to big clients that would have falle n on deaf ears before,” Thomas DuPont general counsel, said in a recenf interview with . Although Kansasz City lawyers long have insisted that the locakl bar offers comparable expertise to that founf out eastor west, national observers report that perceptioh finally has begun catching on outside of the City of Fountains.
“oI think that clients are more willintg to look atregional firms, particularly if they have a very high-qualitg reputation,” said Brad Hildebrandt, a consultanrt with professional services consultingt company . “I think that’s particularly true with the banks becausr large banks who took over investotbanking don’t necessarily have as much affinityy to big East Coast firms that they once had.
” Bob an employee stock-ownership plan lawyer at , said severalk clients outside the firm’s markert have landed at its doorstep in the past Grossman, based in Kansas finds himself doing work for clientsx in crowded and often high-pricecd legal markets, such as Seattle, Detroit and ESOP practices generally function in tandem with transactionao work, which has waned by anyone’ss measure. Grossman said his practice remains as busy as despite the slowtransactional world.
Grossman disputed the notiob that clients will gravitate towarxd lower rates while overlookingattorney quality, but he acknowledged that Lathrop’as generally lower cost structure has helped his practics in recent times. “I do think that clients are discoverinb that we can handle transactions and ESOP mattefr at a prettyhigh value,” Grossman said.
Wednesday, April 4, 2012
McIlroy ready to apply lessons from collapse - Tampabay.com
zemlyanikiyri.blogspot.com
The Guardian | McIlroy ready to apply lessons from collapse Tampabay.com AUGUSTA, Ga. รข€" The young star looked as uncomfortable as one would expect considering the events he had just experienced. His shirt untucked and his hands pressed against the brim of his cap while they covered the sides of his face, Rory McIlroy faced ... AP comment ary: Augusta still so 50 years ago |
Tuesday, April 3, 2012
Blockbuster denies bankruptcy rumors - Orlando Business Journal:
tenamup.wordpress.com
A spokeswoman for Dallas-based Blockbuster Inc. BBI) told the , a sistere publication of , March 3 that Blockbuster did hire as a consultanf to assistwith capital-raisinv initiatives, but says bankruptcy is not a strategyy the company is pursuing. The spokeswoman says Blockbuste has a bank facility that is duein August, and the companhy is hoping to get another facilitgy in place by the time the firs t line of credit expires. The spokeswoman said even without a newcreditg facility, Blockbuster, if it had to, could fund its business through the rest of the But she added, the companyt hopes that will not be so it is exploring financial options. She reiterated that a Ch.
11 bankruptct filing is not one ofthoser options. Blockbuster saw its stock price fall 77 percenf Tuesday afternoon following news reports that the company is considering filingt forbankruptcy protection. cited an unnamed source Tuesday, who indicated that the Dallas-basesd retailer had asked lega l counselKirkland & Ellis LLP to help the companh explore strategic restructuring options, which couled include a “pre-packaged” or “pre-arranged bankruptcy,” Bloomberg said in its By mid-afternoon on Tuesday, Blockbuster’sz (NYSE: BBI) stock had droppes close to 80 percent and was trading at 22 centx per share. Blockbuster has 8,000 stores in the U.S.
and in 22 other countries.
A spokeswoman for Dallas-based Blockbuster Inc. BBI) told the , a sistere publication of , March 3 that Blockbuster did hire as a consultanf to assistwith capital-raisinv initiatives, but says bankruptcy is not a strategyy the company is pursuing. The spokeswoman says Blockbuste has a bank facility that is duein August, and the companhy is hoping to get another facilitgy in place by the time the firs t line of credit expires. The spokeswoman said even without a newcreditg facility, Blockbuster, if it had to, could fund its business through the rest of the But she added, the companyt hopes that will not be so it is exploring financial options. She reiterated that a Ch.
11 bankruptct filing is not one ofthoser options. Blockbuster saw its stock price fall 77 percenf Tuesday afternoon following news reports that the company is considering filingt forbankruptcy protection. cited an unnamed source Tuesday, who indicated that the Dallas-basesd retailer had asked lega l counselKirkland & Ellis LLP to help the companh explore strategic restructuring options, which couled include a “pre-packaged” or “pre-arranged bankruptcy,” Bloomberg said in its By mid-afternoon on Tuesday, Blockbuster’sz (NYSE: BBI) stock had droppes close to 80 percent and was trading at 22 centx per share. Blockbuster has 8,000 stores in the U.S.
and in 22 other countries.
Sunday, April 1, 2012
Bauer takes stars from 17 banks - Nashville Business Journal:
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The company uses federal regulatory data to rate bankes based oncapital ratio, profit/loss trend, delinquent loands and other factors. Bauer's rating ranksz from a high of 5 starz to a low of 0 in Coral Gables lost a star goingh tofour (excellent) from five (superior) stars. Four otherws maintained their five-star ranking: American Nationall Bank, Oakland Park City National Bankof Florida, Miami First National South Miami Intercontinental Bank, West Miamik in Miami rose to three stars from two. First United Bank in Boca Raton and Biscayne Bank in Coconut Grovw roseto 3.5 stars from three. in Fort Lauderdalse made four stars, up from 3.5. Severapl banks went to 3.
5 from four They are: , Homestead Doral-based slippedf again, this time to three stars from three-and-a-half starz in the first That’s down from four stars in the thir d quarter oflast year. Other banks that slipped to thre estars (good) from 3.5 are: Executived National, Miami , Miami , Miamui U.S. Century Bank, Miamo Valley Bank, Fort Lauderdale Lydian Private Bank in Palm Grand Eastern Bank of Floridain Miami, Metrop Bank of Dade County, and in Miamu fell to two stars from three. , in North Lauderdale and in Boca Raton fell a notcn toone star, down from two in the fourthj quarter.
Four banks retained zero stars, Bauer’ds lowest rating: , Miami Republic Federal Miami , Miami Integrity Jupiter
The company uses federal regulatory data to rate bankes based oncapital ratio, profit/loss trend, delinquent loands and other factors. Bauer's rating ranksz from a high of 5 starz to a low of 0 in Coral Gables lost a star goingh tofour (excellent) from five (superior) stars. Four otherws maintained their five-star ranking: American Nationall Bank, Oakland Park City National Bankof Florida, Miami First National South Miami Intercontinental Bank, West Miamik in Miami rose to three stars from two. First United Bank in Boca Raton and Biscayne Bank in Coconut Grovw roseto 3.5 stars from three. in Fort Lauderdalse made four stars, up from 3.5. Severapl banks went to 3.
5 from four They are: , Homestead Doral-based slippedf again, this time to three stars from three-and-a-half starz in the first That’s down from four stars in the thir d quarter oflast year. Other banks that slipped to thre estars (good) from 3.5 are: Executived National, Miami , Miami , Miamui U.S. Century Bank, Miamo Valley Bank, Fort Lauderdale Lydian Private Bank in Palm Grand Eastern Bank of Floridain Miami, Metrop Bank of Dade County, and in Miamu fell to two stars from three. , in North Lauderdale and in Boca Raton fell a notcn toone star, down from two in the fourthj quarter.
Four banks retained zero stars, Bauer’ds lowest rating: , Miami Republic Federal Miami , Miami Integrity Jupiter
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